{"id":547128,"date":"2022-06-09T04:17:47","date_gmt":"2022-06-09T04:17:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/more-inflation-coming-our-way\/"},"modified":"2022-06-09T04:17:47","modified_gmt":"2022-06-09T04:17:47","slug":"more-inflation-coming-our-way","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/more-inflation-coming-our-way\/","title":{"rendered":"More inflation coming our way"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Could household electricity bills rise from 1 July?<\/strong> Households could see their electricity bills rise by as much as 21% from 1 July, according to the government\u2019s 2020 <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A7%D9%84%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%89-%D9%84%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D9%84%D8%AE%D9%85%D8%B3-%D8%B3%D9%86%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85%D8%A9-9-6-2020-1.pdf\">schedule (pdf)<\/a> to phase out subsidies by 2025. According to the schedule, hikes in some unsubsidized consumption tiers will see other households pay as much as 6% more.<\/p>\n<p><strong>We\u2019ve yet to hear of any official confirmation that this will go down<\/strong>, but sources we\u2019ve spoken with tell us that this is likely to happen.<\/p>\n<p><strong>REMEMBER- Subsidies were fully lifted<\/strong> for households who consume more than 650 KWh\/month in FY 2020-2021.)<\/p>\n<p><strong>Some businesses will also see a small increase<\/strong> as the rate on the 0-250 KWh band rises 2.5% to EGP 1.23\/KWh. All other tiers will remain frozen at current rates through FY 2022-2023.<\/p>\n<p><strong>The new tariff for subsidized households:<\/strong><\/p>\n<ul>\n<li>The first 0-50 KWh\/month will be charged EGP 0.58\/KWh, <strong>up 21%<\/strong>. Households in this tier will pay up to EGP 29 a month;<\/li>\n<li>The next 51-100 KWh\/month at EGP 0.68 \/ KWh, <strong>up 17%<\/strong>. Households in this tier will pay up to EGP 63 a month;<\/li>\n<li>The next 101-200 KWh\/month at EGP 0.83 \/ KWh, <strong>up 8%<\/strong>. Households in this tier will pay up to EGP 146 a month;<\/li>\n<li>The next 201-350 KWh\/month at EGP 1.11 \/ KWh, <strong>up 5%<\/strong>. Households in this tier will pay up to EGP 312.5 a month;<\/li>\n<li>The next 351-650 KWh\/month at EGP 1.31 \/ KWh, <strong>up 2%<\/strong>. Households in this tier will pay up to EGP 771 a month.<\/li>\n<\/ul>\n<p><strong>Some unsubsidized households will also see prices rise: <\/strong>Those consuming 651-999 KWh a month will be charged a flat rate of EGP 1.36\/ KWh on their entire usage, up from EGP 1.28 currently. Households using this much energy are expected to be charged up to EGP 1,359 a month (based on an average consumption rate measured by the government), up from EGP 1,279 in the current fiscal year. Those consuming more than 1,000 KWh per month will continue to be charged the same EGP 1.45 \/ KWh rate.<\/p>\n<p><strong>Subsidies will be fully lifted by 2025:<\/strong> The government will continue to gradually withdraw subsidies over the next three years, according to <a href=\"https:\/\/bit.ly\/3mpqkV3\">a new timetable (pdf)<\/a> mapped out by the Electricity Ministry in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Could household electricity bills rise from 1 July? Households could see their electricity bills rise by as much as 21% from 1 July, according to the government\u2019s 2020 schedule (pdf) to phase out subsidies by 2025. According to the schedule, hikes in some unsubsidized consumption tiers will see other households pay as much as 6% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":547129,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[244,93,72,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-electricity","tag-energy","tag-enterpriseam","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"fdb7b4e0-c53f-4127-bb0f-94a9afa6ec30","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/209.jpg","photo_position":"above","related_issue":[547124],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More inflation coming our way - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/more-inflation-coming-our-way\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More inflation coming our way\" \/>\n<meta property=\"og:description\" content=\"Could household electricity bills rise from 1 July? Households could see their electricity bills rise by as much as 21% from 1 July, according to the government\u2019s 2020 schedule (pdf) to phase out subsidies by 2025. 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Businesses in the medium, high, and ultra-high consumption tiers\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/204.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621033,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/30\/electricity-prices-to-rise-in-july\/","url_meta":{"origin":547128,"position":2},"title":"Electricity prices to rise in July","author":"enterpriseam admin","date":"30 May 2024","format":false,"excerpt":"On average, the hikes will exceed 20%, but studies and discussions are still underway to determine the new prices","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2505.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598121,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/home-electricity-prices-could-rise-30-60-in-july-as-egypt-phases-out-subsidies\/","url_meta":{"origin":547128,"position":3},"title":"Home electricity prices could rise 30-60% in July as Egypt phases out subsidies","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"Residential electricity prices could increase by 30-60% after the next round of subsidy cuts that will take place at the start of the next fiscal year in July, Electricity Ministry officials tell Al Mal. All households and businesses will face a price hike with the potential exception of businesses in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/204.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547231,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/not-shocking\/","url_meta":{"origin":547128,"position":4},"title":"Not shocking","author":"enterpriseam admin","date":"14 June 2022","format":false,"excerpt":"No electricity price hikes coming this July, after all: The Madbouly government will freeze electricity prices to ease financial pressure on the public, which is already coping with high inflation, President Abdel Fattah El Sisi said yesterday (watch, runtime: 3:41).Residential electricity bills were set to rise by as much as\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/sisi-electricity-1600x.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572071,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/10\/electricity-prices-to-rise-16-30-july-but-subsidies-are-with-us-until-2025\/","url_meta":{"origin":547128,"position":5},"title":"Electricity prices to rise 16-30% July, but subsidies are with us until 2025","author":"enterpriseam admin","date":"10 June 2020","format":false,"excerpt":"Your electricity bill will rise by as much as a third in July \u2014 but subsidies won\u2019t be fully lifted for another five years: Average rates for electricity sold to residential consumers will increase between 16-30% from 1 July as the government has fully lifted subsidies on the uppermost consumption\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/114.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547128"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547128\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547129"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547128"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547128"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}